The cheapest cities to rent in – and the most expensive

Where's the best-vale place to rent in Britain? Well new figures suggest you need to head south to find the place where the least of your money goes on rent.

Plymouth has been named as the most affordable city in Britain by HomeLet, which provides insurance products to the private rented sector. Rents in the southern city typically take up just over a quarter (27%) of a renter's take-home income.

At the other end of the scale, London renters were found to see almost half (49%) of their incomes swallowed up by rent.

HomeLet took a look at 16 of the biggest cities in the UK to calculate the cheapest and the most expensive places to rent, compared with local incomes.

After Plymouth, Cardiff and Leeds were rated as the best-value cities to rent a home while London, Edinburgh and Birmingham were among the least affordable places.

"In some parts of the UK, such as Scotland and East Anglia, where rental prices are now falling or stagnant, the data tells us that renting in some cities in these regions is still stretching tenant affordability,” said Martin Totty, chief executive of Barbon Insurance Group, of which HomeLet is part.

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